Recent developments in consumer and employment arbitration.
In Consumer Bureau Loses Fight to Allow More Class-Action Suits, Jessica Silver-Greenberg from The New York Times reports on the vote Tuesday in the Senate to reverse the recently enacted rule by the Consumer Financial Protection Bureau preventing credit card companies and banks to limit the ability of consumers to bring class-action lawsuits.
Two recently posted studies by Professor Imre Szalai at Loyola University Law School (New Orleans) and Professor Alexander Colvin at the Cornell University’s Industrial Labor Relations School, provide much needed and intriguing data about the prevalence of mandatory arbitration clauses in employment contracts. The studies also examine how frequently companies include class action waivers in their mandatory arbitration agreements. The studies can be found at The Widespread Use of Workplace Arbitration Among America’s Top 100 Companies and The Growing Use of Mandatory Arbitration.